OurMoneyMarket could be a potential option for those not wanting to, or not able to, take out a loan with a traditional bank.
All OurMoneyMarket car loans are unsecured, which means borrowers don’t need to provide security.
Not everyone will get the same interest rate at OurMoneyMarket. Creditworthy borrowers may get lower interest rates, while those with poorer credit records may get a higher rate. However, a borrower who might not be able to get a loan at a big bank may be approved at OurMoneyMarket. This depends on whether the investor is comfortable with the level of risk a borrower might present.
Depending on your credit history, this personal loan may not offer the most competitive interest rates.
OurMoneyMarket car loans don’t come with any ongoing account-keeping fees or early repayment fees. Borrowers pay a one-off establishment fee, which is added to the loan amount.
Depending on the car loan you pick, the total cost of vehicle car purchase could vary greatly, so it’s wise to shop around. Always do your research before applying for any personal loan.